If the price spikes, like up to 8.50 dollars, it might affect my family's way of life. I mean, my folks, me, and my brothers might cut our driving to just work (for career/money) and grocery stores (for food). Other stuff will have to wait. Demand for oil will outweigh supply sooner than I think it will.

And travel will be cut off my list since passenger jets will simply not fly
Thats gonna suck....

It actually might for me, I lose about $40 a week just going too and from work, add another $10-20 if I actually drive around doing stuff. I share an apartment with my brother and we're likely to move somewhere closer to the area we work in once our lease is up.

Even if you're a kid, the rising prices will still affect your family. Unless you're independently wealthy or are self-sufficient by living off the land, this economic problem will probably affect your parents a lot. Groceries and everything will go up. It's like a chain reaction--the one domino falling affects all the others.

Rising cost-of-living without rising salaries is a big stressor. The pile of Christmas presents might be a little smaller this year...